The heads of four major global economic institutions warned on Friday that the war in the Middle East is posing growing risks to the world economy, with disruptions to oil shipments through the Strait of Hormuz driving down global inventories and threatening energy security ahead of peak summer demand.
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US President Donald Trump has yet to decide whether to endorse a reported memorandum of understanding negotiated between US and Iranian officials, as the world awaits a potential extension of the ceasefire and eventual peace deal.
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Dubai’s real estate market recorded a sharp month-on-month recovery in April 2026, with total registered transaction value rising 20% to AED68.6 billion ($16.68 billion), according to a new analytical report published by Elite Merit Real Estate.
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Global energy investment is projected to reach $3.4 trillion in 2026, a slight increase year-on-year, according to a new IEA report.
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During a meeting with Clemens Augustinus Hach, the former German Ambassador to Bahrain, we had a candid discussion on regional and international affairs. I explained to him, quite frankly, our reservations regarding the West’s limited understanding of our region, only to be surprised when he remarked: “This is the first time I’ve heard such views expressed with this level of honesty.”
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The General Authority for Statistics (GASTAT) of Saudi Arabia announced on Wednesday that the total number of pilgrims for the 1447 AH Hajj season reached 1,707,301.
The UAE recorded sustained growth across the tourism sector in 2025, with the number of hotel establishment guests rising to more than 32 million, up 5.1 percent compared to 2024.
The UAE's Defaulted Debts Settlement Fund, in cooperation with several UAE banks, has waived more than AED834 million ($227.09 million) in interest accrued on loans owed by 2,339 low-income retirees across the country.
Bahrain’s Ministry of Works has launched a prequalification process for contractors for Phase 1A of the planned Bahrain International Sports City project, paving the way for the construction of a major new sports stadium and associated infrastructure in the kingdom.
More than 40 airlines are currently operating through Dubai International Airport (DXB), apart from the Dubai-based Emirates and flydubai, Dubai Airports said.
Qatar's government tenders and bids achieved a total value of QR8.6 billion ($2.35 billion) during the first quarter of 2026, according to a Ministry of Finance (MOF) has announced.
The US military said it carried out new strikes on southern Iran, targeting Iranian missile sites and boats attempting to place mines even as negotiations in Doha between Qatari mediators and Iran continued on a peace deal.
Strong market fundamentals cushioned the impact of broader regional uncertainties, driving resilience and sustained growth across prime office and retail segments in both Dubai and Abu Dhabi in the first quarter of 2026, according to JLL’s latest Real Estate Market Dynamics report.
ZOE Energy Storage has signed a joint venture with a Saudi partner to build the country's first world-class battery energy storage system manufacturing facility.
The United States has announced new sanctions on Iranian oil and petrochemical networks, the latest move in its 'maximum pressure' strategy to curb the country's key sources of income and limit funding for its military operations, said a report.
Holidaymakers need to slow down before scanning QR codes, clicking booking links or entering card details, as travel scams linked to fake booking confirmations and 'reservation hijacking' become more convincing ahead of the summer rush, warned a top travel industry expert.
Inchcape Shipping Services, a leading UK-based port agency and marine services provider, has opened a new office in Brunei Darussalam, strengthening its local presence in a strategically important market for offshore, naval and logistics operations in Southeast Asia.
During a meeting with Clemens Augustinus Hach, the former German Ambassador to Bahrain, we had a candid discussion on regional and international affairs. I explained to him, quite frankly, our reservations regarding the West’s limited understanding of our region, only to be surprised when he remarked: “This is the first time I’ve heard such views expressed with this level of honesty.”
UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029.
The Ebola outbreak in the Democratic Republic of the Congo (DRC) has intensified, with the number of suspected cases crossing 1,000 and neighbouring Uganda imposing emergency border restrictions amid fears of wider regional spread.
Dubai's Knowledge and Human Development Authority (KHDA) has confirmed that there will be no increase in school fees for private schools in the emirate for the 2026-27 academic year.
Magrabi Retail, a leading eyewear retailer in the Middle East, has announced the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt.
The US-Iran war and effective closure of the Strait of Hormuz have disrupted economic activity, but the negative rating actions for Middle East issuers for the March-April period were limited to outlook revisions and placements on the Rating Watch, according to a report from Fitch.
Beyon, a leading telecommunication company and digital enabler, has announced the signing of a Public Private Partnership (PPP) commitment agreement with the Ministry of Communications in Kuwait and the Kuwait Authority for Partnership Projects (KAPP), formalising its selection as the Winning Investor for the Fixed Telecommunications Network Development Project in Kuwait.
Ethara has announced that one of the world’s biggest bands, Imagine Dragons, will headline the After-Race Concerts at the Formula 1 Etihad Airways Abu Dhabi Grand Prix on Saturday, December 5.
Meta, the social networking giant, has announced that it’s now rolling out its consumer subscription plans globally for its flagship apps Instagram, Facebook, and WhatsApp.
US President Donald Trump has yet to decide whether to endorse a reported memorandum of understanding negotiated between US and Iranian officials, as the world awaits a potential extension of the ceasefire and eventual peace deal.
